Ongoing financial pressures and legislative uncertainty are contributing issues to the top governance challenges for hospital boards of directors. As a result, boards are needing to focus more of their…
One of the first duties of nonprofit board directors is to quickly get indoctrinated in the matters of governance, risk and compliance (GRC). GRC implies that boards should have strategies…
The board serves as the steward of the organization’s mission, with trustees serving as the stakeholders’ representatives. Ultimately, this broad set of responsibilities can lead to challenges. A commitment to…
The Cadbury Report, which most succinctly described corporate governance as “the system by which businesses are directed and controlled,” was released in the United Kingdom in 1991. Good governance is…
If there is an area where board directors are feeling lost, it’s IT governance. Most boards recognize that they would benefit from a board briefing on IT governance because they…
Not all boards have term limits, but all boards should have term limit policies. Term limits are considered best practices for all types of corporations and organizations. Colleges and universities…
Every industry carries unique types of risks. Due to student populations and school-related activities, institutions of higher education face many different types of risks than in other industries. An enterprise…
Nonprofit boards benefit from multiple perspectives in decision-making. Without order, too many ideas can lead to chaos and confusion. Procedures that create order allow all board directors to participate in…
Board directors have millions of apps to choose from regardless of which electronic device they choose to use at any given time. Electronic apps have various levels of built-in security…
Technology is one of the most useful tools that nonprofits have at their disposal. Younger board directors are more likely to have familiarity with technology and how the nonprofit can…
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